Student loans, like other forms of financial aid, require repayment. However, many borrowers fall into the trap of ignoring their debt, leading to serious consequences. This guide, "Dangerous Default Student Loan Pitfalls," explores the risks of defaulting on student loans.
When borrowers fail to enter repayment within 90 to 120 days after leaving school or dropping below half-time enrollment, their loans become delinquent. If the loan remains unpaid for 270 days, it enters "default" status.
Understanding Student Loan Default
A student loan default occurs when a borrower fails to meet the
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